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Monday, June 7, 2010

Market Recap- 06.07.2010


Equity Indexes
INDU- 9,816.49 -115.48 (-1.16%)
NASDAQ- 2,173.90 -45.27 (-2.04%)
SPX- 1,050.47 -14.41 (-1.35%)

Commodities
WTI Crude Oil- $71.180 -0.330 (-0.46%)
Brent Crude Oil- $71.710 -0.380 (-0.53%)
Natural Gas- $4.944 + 0.147 (3.06%)
Comex Gold- $1241.80 +24.10 (1.98%)
Comex Sliver- $18.15 +0.85 (4.92%)

Bonds
10 Year UST- Price:100.08 (+0.52) Yield: 3.14% (-0.06)
10 Year Gilt- Price:110.30 (+0.17) Yield: 3.49% (-0.02)
10 Year Bund- Price:103.82 (+0.19) Yield: 2.56% (-0.02)
10 Year JGB- Price:100.61 (+0.30) Yield: 1.23% (-0.04)

Foreign Exchange
EUR/USD = 1.1914
GBP/USD = 1.4465
USD/JPY = 91.345
USD/CAD= 1.0615
EUR/JPY = 108.8312

Equity Index Futures
Nikkei 225- 9,580.00 +70.00
Hang Sang- 19,335.00 -479.00
SPI 200 - 4,301.00 -37.00

Thoughts
I traded some Gold via GLD this morning and was able to lock in a 2% gain by days end. There was no meaningful economic catalyst to drive equity prices higher today. Bearishness looms everywhere. This may be a great time to jump back in equities if one is still Bullish. I am. Tomorrow I will look for an entry position to get long the SPX.

Related ETF's: GLD:US SPDR Gold Trust, SPY:US SPDR S&P 500 ETF Trust, SSO:US ProShares Ultra S&P500, DIA:US SPDR Dow Jones Industrial Average ETF Trust


Patrick M. Ambrus
Analyze Capital LLC
Twitter: AnalyzeCapital

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